Report shows Social Security and Medicare could fall short by 2035
A new report claims Social Security and Medicare won’t be able to fully pay benefits in just over a decade. The entitlement program’s trustees annual report says there will be fewer options for beneficiaries by 2035. The report also shows that payroll tax revenue and other income sources will only be able to cover 83% of benefits owed.
Strong Labor Market Steadied Social Security and Medicare Funds
The financial health of Social Security and Medicare, two of the nation’s most crucial safety net programs, improved this year as a stronger-than-expected economy attracted more workers to the labor market. But the overall financial outlook of the popular programs remained grim.
Social Security has now passed Medicare as the most pressing insolvency risk among the twin pillars of America's social ...
A new government report finds that Social Security trust funds are now set to be depleted by the year 2035 and Medicare ...
Lawmakers have for years kicked Social Security and Medicare's troubling math to the next generation. Social Security benefits were last reformed roughly 40 years ago, when the federal ...
Congress has less than a decade ... While Social Security's retirement program is in danger of running short of cash, a ...
How the U.S. could be pinched by a government default Millions of job cuts. No Social Security checks. Disrupted services like air traffic control. Treasury Secretary Janet Yellen says these are ...
Social Security and Medicare will run out of money in just over a decade ... but renewing the whole package would add $3 trillion over the next decade to the nation’s already enormous ...
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